CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 32,199	$ 21,614
Interest receivable	14,818	12,546
Derivative assets, at fair value	91	763
Deferred tax assets, net		800
Deposits, net	73,966	59,103
Other assets	15,835	11,203
Total assets	4,536,412	4,160,529
Liabilities:
Repurchase agreements	4,092,251	3,667,181
Interest payable	4,241	4,418
Accrued compensation and benefits	3,665	5,015
Dividend payable	12,723	17,550
Derivative liabilities, at fair value	3,431	4,833
Deferred tax liabilities, net	33,639
Other liabilities	1,724	1,335
Long-term unsecured debt	74,048	73,880
Total liabilities	4,225,722	3,774,212
Commitments and contingencies
Stockholders’ Equity:
Preferred stock, $0.01 par value, 25,000,000 shares authorized, 346,156 and 303,291 shares issued and outstanding, respectively (liquidation preference of $8,654 and $7,582, respectively)	8,138	7,108
Additional paid-in capital	1,997,281	1,974,941
Accumulated deficit	(1,695,032)	(1,596,013)
Total stockholders’ equity	310,690	386,317
Total liabilities and stockholders’ equity	4,536,412	4,160,529
Agency MBS
ASSETS
Mortgage-backed securities, at fair value	4,399,466	4,054,424
Liabilities:
Repurchase agreements	4,092,251	3,667,181
Private-Label MBS
ASSETS
Mortgage-backed securities, at fair value	37	76
Common Class A
Stockholders’ Equity:
Common stock	$ 303	$ 281